Founded in May, Lucira designs and sells lab-grown diamond jewellery and already lists close to 1,000 products on its platform. The company has thus far operated purely online but will open its first physical store in Mumbai this month and plans four additional outlets by the end of 2025-26. Management expects that, within three years, 15–20% of revenue will come from online channels while roughly 80% will be generated offline. To enhance customer experience, Lucira aims to partner with last-mile providers to enable two- to three-hour deliveries from its stores. The startup is positioning itself to capitalise on India’s lab-grown diamond market, which is projected to grow from roughly $400-500 million today to $1.5 billion in the next three to five years. Proceeds from its recent seed round will fund offline expansion, team growth and intensified marketing efforts.

Total raised

$6M

Funding rounds

1

Latest round

Seed

Latest activity

Sep 2025